Mortgage demand plummets as rising rates scare away homebuyers

Purchase and refinance applications both declined last week: MBA
Senate passes VA mortgage assistance bill aimed at preventing foreclosures

The VA Home Loan Program Reform Act now just needs President Trump’s signature to become law
FHFA answers questions on VantageScore rollout, policy updates

Director Bill Pulte shared an FAQ on social media about the ‘interim phase’ of the initiative
Power Moves: Notable mortgage industry additions and promotions thus far in July

Title Resources Group, AFSA, Compass and AnnieMac are among the mortgage-related companies and associations with recent hires and promotions
Featured Top Originator: Jane Floyd

In Florida, one of the most populous states in the country, Floyd ranked No. 20 among all originators
HUD disbands task force created to root out home valuation bias

The move is part of a broader Trump administration push to end DEI programs
FHFA alleges FICO used intimidation tactics following VantageScore 4.0 rollout

The VantageScore credit scoring model provides an alternative to the FICO score
Fannie Mae’s title waiver pilot program gets second vendor

Westcor joins Doma as title insurance companies working with Fannie Mae
Mortgage rates rise following robust jobs report

The gains to 30-year and 15-year rates follow five weeks of declines: Freddie Mac
Mortgage denial rates are nearly double for Black applicants: LendingTree

A third of all mortgage denials for Black applicants in 2024 were due to debt-to-income ratios